Multibagger Penny Under Rs 2: Mangalam Industrial Finance Ltd Rights Issue Open Now, Issue closes November 14, 2025
DSIJ Intelligence-1 / 04 Nov 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 35 per cent from its 52-week low of Rs 1.26 per share and has given multibagger returns of over 600 per cent in the last 5 years.
Mangalam Industrial Finance Ltd. (MIFL) (BSE: 537800), a leading Non-Banking Financial Company (NBFC), has announced that the company has extended its rights issue. The company’s rights issue is open now and will close on November 14, 2025. The company’s rights issue is for 48,08,21,750 equity shares at an Issue Price of Rs 1 per share, aggregating to Rs 48.08 crore.
The net proceeds from the Rights Issue will be used to augment its capital base and provide funding requirements to expand its operational scale in relation to its NBFC activities.
Earlier, the company announced its strategic commitment to financing electric mobility solutions through a new Fleet Financing initiative. As part of its forward-thinking approach to reducing carbon footprints and contributing to the national goal of sustainability, MIFL will provide funding to electric vehicle (EV) fleet operators across the country. This effort is a major step towards supporting the transition to a cleaner, more sustainable transportation ecosystem.
The initiative aims to make green mobility a more accessible and viable option for fleet operators, with competitive terms and flexible repayment options. The financing solutions from MIFL will be customised to meet the specific needs of fleet operators, helping them transition to electric vehicles with ease. MIFL’s experienced team of experts will offer guidance throughout the process, ensuring that each project is executed smoothly.
About the Company
Mangalam Industrial Finance Ltd. (MIFL) is a leading financial services provider, known for its innovative financing solutions for a wide range of sectors. With a focus on fostering sustainable growth, MIFL is dedicated to supporting green projects, including clean energy and electric mobility. The company is committed to contributing to India’s progress toward a sustainable future through forward-looking financial products.
The company has a market cap of over Rs 240 crore and currently, the stock is trading under Rs 2 per share. The stock is up by 35 per cent from its 52-week low of Rs 1.26 per share and has given multibagger returns of over 600 per cent in the last 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.